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Turkey's Economic Growth Slows Sharply

By

Emre Peker And

Yeliz Candemir

Updated April 1, 2013 5:42 p.m. ET

ISTANBUL—Turkey's rate of economic growth slowed sharply to 2.2% in 2012, the Turkish statistics agency said, as weak domestic demand and spillover from the European debt crisis took its toll after two years of rapid expansion that rivaled China.

According to official figures issued Monday, Turkey's gross domestic product expanded just 1.4% in the fourth quarter—almost half the consensus forecast of 2.7% and the lowest rate since...